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Peter Thiel Says Wall Street ‘mispriced’ LinkedIn’s IPO
- adamjernst 15y agoWhen a bank underprices an IPO, they can conveniently steer these underpriced shares to favored clients and connections. http://dealbook.nytimes.com/2011/05/27/why-i-p-o-s-get-underpriced/ http://dealbook.nytimes.com/2011/05/27/why-i-p-o-s-get-under... Doesn't seem like a mistake in that light, does it?
- veyron 15y agoThere's an argument that LinkedIn didn't float enough -- look at how Yandex performed, and they floated enough shares to soak the demand